Ahmedabad-based IT and IT-enabled services (ITeS) provider offering outsourced banking operations, document/back-office processing and software services, delivered through India, Australia, Singapore and UK subsidiaries.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 57 | 63 | 79 | 89 | 101 | 119 | 123 | 131 |
| Borrowings | 11 | 10 | 5 | 5 | 1 | 2 | 1 | 1 |
| Other Liabilities | 12 | 20 | 26 | 29 | 31 | 32 | 36 | 36 |
| Total Liabilities | 105 | 117 | 135 | 148 | 158 | 179 | 185 | 193 |
| AssetsFixed Assets | 57 | 65 | 63 | 78 | 82 | 81 | 79 | 77 |
| CWIP | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 |
| Investments | 1 | 1 | 11 | 8 | 8 | 15 | 45 | 33 |
| Other Assets | 46 | 51 | 61 | 61 | 67 | 81 | 59 | 82 |
| Total Assets | 105 | 117 | 135 | 148 | 158 | 179 | 185 | 193 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 6 | 0 | 11 | 11 | 22 | 4 | 21 | 4 |
| Cash from Investing | 1 | 1 | -10 | -7 | -15 | -10 | -3 | -19 |
| Cash from Financing | -6 | -1 | -2 | 8 | -1 | -4 | 1 | -1 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 2 | -6 | 3 | 8 | 1 | -7 | 16 | 3 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
AIRAN · CYCLICAL_UNMODELABLE
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